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Potholes are suddenly filled with cement, stretches of roads are paved and local officials rush to inaugurate often unfinished public buildings. It's one way to show that public funds have been well spent under their watch as a way of helping the political party they represent to do well at the polls.

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The outlook for emerging market economies over the next decade looks more challenging as long-term interest rates start to bottom out in the United States. Here is another complicating factor: ageing populations.

from Photographers' Blog:

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I've been a photographer for over 20 years, but this was to be my first bird-watching safari so I took along a 70-300mm lens, thinking it would be enough. We also expected to do lots of hiking in heat, and it’s the lightest of my long lenses.

from Photographers' Blog:

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When a television journalist called to her cameraman to come running, I thought it was just to get a better angle of some VIP arriving to celebrate the 121st anniversary of the National Police, and the new graduating class of the academy. I’m farsighted and didn’t have my glasses on, but I did have a 400mm lens on the camera.